LEVITTOWN, Pa., Sept. 15, 2004 (PRIMEZONE) -- FTS Wireless, Inc., a wholly owned subsidiary of FTS Group, Inc. (OTCBB:FLIP), today announced the signing of an agreement with Philadelphia-based Digital Communications Warehouse (DCW) allowing FTS to begin marketing and selling wireless products and services offered by AT&T Wireless at all of its locations.
CEO Scott Gallagher commented, "We've built a solid and growing regional wireless distribution channel over the past 18 months. Partnering with a company like DCW provides FTS with instant access to America's leading exclusive AT&T Wireless dealer. Their experience and national distribution will be a tremendous benefit to FTS as we execute our aggressive roll-up strategy and expand our Internet and call center operations. We believe DCW's attractive business model offers FTS an opportunity to immediately add to earnings while increasing our distribution nationally."
About FTS Wireless, Inc.
FTS Wireless, Inc. is an emerging regional operator of retail wireless locations that market and sell next-generation wireless products and services and operate Wi-Fi HotSpots. FTS Wireless currently operates a chain of retail wireless locations in the Florida Gulf Coast region and the Philadelphia suburban market. The company markets and sells products worldwide through its e-commerce sites, www.CellularDeals.com and www.SatPhoneCenter.com . For additional information about FTS Group, Inc. or its subsidiary, please visit our website at www.FTSWireless.com or review our periodic filings with the Securities and Exchange Commission at http://www.sec.gov.
Forward-Looking Statements
Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's financial performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, sales and earnings growth, ability to attract and retain key personnel and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism. Information with respect to important factors that should be considered is contained in the Company's Annual Report on Form 10-K as filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.